ILUS Confirms Strong Third Quarter Results With Increases in Revenue and Net Profit
November 15 2022 - 9:56AM
InvestorsHub NewsWire
NEW YORK, NY -- November 15, 2022 -- InvestortsHub NewsWire
-- ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and developing public safety and industrial companies
across the globe. The company reports that the third quarter was
its strongest to date despite it already being overshadowed by an
even stronger performance in the fourth quarter which is
underway.
Third quarter revenue, net profit and assets increased by 550%,
203% and 187% respectively over the same period in 2021, with
highlights for the three months ended September 30th, 2022, as
follows:
· Revenue:
$20,419,421
· Net Profit:
$1,187,494
· Assets:
$77,299,258
With impressive progress made in the consolidation and continued
growth of the operating companies within the group during the third
quarter, ILUS also successfully completed its audit as planned
during the quarter and has since filed its Form 10 with the
SEC to become a fully reporting entity. The company now expects to
be fully reporting before year end, following which it plans to
change its registered name and apply to OTC Markets to up list from
the OTC Pink Market to the OTCQB.
ILUS Managing Director, John-Paul Backwell, commented: “Our
third quarter results illustrate the enormous progress we have made
as a business in the last year; however, we are already in the
midst of an even stronger fourth quarter. Over the last few months,
we have consolidated and strengthened key areas of our business to
prepare ourselves for the exciting strategic moves ahead. We now
look forward to announcing several exciting deals in line with
these strategic moves over the coming weeks.”
For further information on the companies, please see their
communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Contact:
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers
sessions, public conference calls and webcasts also may
take time from time to time. We use these channels as well as
social media to communicate with the public about our company, our
services, and other issues. It is possible that the information we
post on social media could be deemed to be material information.
Therefore, considering the SEC's guidance, we encourage investors,
the media, and others interested in our company to review the
information we post on the following social & media
channels:
website: https://ilus-group.com Twitter:
OTC_ILUS
Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
recommended to follow the correct Media Channels relating to the
public company OTC: ILUS
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